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Ericsson reported a near-tripling of its third-quarter net profit, boosted by a significant one-time gain from the sale of its iconectiv business, even as revenue declined.
Ericsson has finalized the sale of its iconectiv business to Koch Equity Development, completing a divestment aimed at sharpening its focus on its core telecommunications network equipment business.
Ericsson swung to a second-quarter profit as cost-cutting measures boosted margins, even as the Swedish telecommunications-equipment maker's revenue declined.
| 1 Dec 2006 |
| Ericsson's global services business wins award for Best Organic Growth from A.T. Kearney | 30 Nov 2006 |
| Ericsson delivers 3G/HSPA for Indosat in Indonesia | 29 Nov 2006 |
| Ericsson joins Business Leaders Initiative on Human Rights | 29 Nov 2006 |
| Ericsson selected by T-Mobile USA for WCDMA 3G deployment | 27 Nov 2006 |